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West McArthur JV Extends Uranium Targets in Latest Drill Program

High-Grade Mineralization Intersected Including 1.62% eU3O8 over 2.6 Metres Strong Alteration and Large Fault Structures Intersected 1.8 km Southwest Along “42 Zone” Corridor Joint Venture Doubles 2022 Exploration Program Budget to $5 Million Vancouver, Canada, December 16, 2021 – CanAlaska Uranium Ltd. (TSX-V: CVV; OTCQB: CVVUF; Frankfurt: DH7N) (“CanAlaska” or the “Company”) is pleased to West McArthur JV Extends Uranium Targets in Latest Drill Program

NE Wollaston

Location The NE Wollaston projects consist of four claim groupings totalling 29,671 hectares, located 60 kilometres northeast of Cameco’s Rabbit Lake mill and Eagle Point mine (Figure 1). Geology The project areas cover the Collins Bay Fault, host to the Rabbit Lake, Collins Bay A, B and D, and Eagle Point orebodies, beyond the edge NE Wollaston

Geikie

  CanAlaska’s Geikie property, totaling 33,897 ha, is located 7 km Southeast of the present-day Athabasca Basin edge, in Saskatchewan, Canada. The property straddles the extension of a fertile corridor of biotite gneisses hosting the Agip S high-grade uranium showing (up to 58% U3O8), and the recent Baselode Energy radioactive intersections near Beckett Lake. These Geikie

Frontier

CanAlaska’s Frontier property, totaling 15,929 ha, is located in the northeastern Athabasca Basin. The project is five kilometres northeast of the present-day Athabasca Basin edge along the regional-scale Roughrider Mineralized Corridor (RMC). The RMC is host to multiple uranium deposits and showings, including Roughrider, Midwest, J Zone, Dawn Lake, Moonlight, Osprey, and the McClean Lake Frontier

Enterprise

  CanAlaska’s Enterprise property, totaling 12,060 ha, is located in the southeastern Athabasca Basin. The project is twenty kilometres south of the present-day Athabasca Basin edge and the Key Lake Mine and Mill complex along Highway 914. Historical exploration on the project consists of prospecting and geological mapping that were completed in conjunction with airborne Enterprise

North Millennium

  CanAlaska’s North Millennium property, totaling 5,873 ha, is located in the Eastern Athabasca Basin, Saskatchewan, Canada. The property is located seven km from Cameco’s Millennium uranium deposit. Northeast trending conductors on the project are disrupted and offset by a North-South trending lineament that can be traced down through the Millennium deposit. This North-South feature North Millennium

McTavish

  CanAlaska’s McTavish property, totaling 2,685 ha, is located in the Eastern Athabasca Basin, Saskatchewan, Canada. The project is located 5 km northwest of Cameco’s Millennium uranium deposit. The project area has been periodically explored for unconformity-type uranium deposits since the late 1970’s with work on and adjacent to the project consisting of airborne and McTavish

Marshall

  CanAlaska’s Marshall property, totaling 11,225 ha, is located in the Eastern Athabasca Basin, Saskatchewan, Canada. The project is 11 km west of Cameco’s Millennium uranium deposit. The project area has been subject to minimal historical exploration for unconformity-type uranium deposits, mainly centered airborne and ground geophysical surveys, and boulder prospecting. No diamond drilling has Marshall

Chymko

  CanAlaska’s Chymko property, totaling 32,603 ha, straddles the south-central edge of the present-day Athabasca Basin in Saskatchewan, Canada. The property is adjacent to the Virgin River Shear Zone, which hosts the Centennial and Dufferin Lake unconformity uranium deposits. The project area has been historically explored by regional airborne geophysical and ground lake sediment surveys. Chymko

Carswell

  CanAlaska’s Carswell property, totaling 13,352 ha, is located in the western Athabasca Basin, Saskatchewan, Canada. Within the western Athabasca Basin, some of the most significant undeveloped uranium resources exist in the Shea Creek, Triple R, and Arrow deposits. The property covers a conductive structural corridor that joins the Beatty River fault zone to Carswell Carswell

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